Michael M. Eidelman
Mr. Eidelman concentrates his practice in bankruptcy and insolvency matters and has acted as lead counsel for debtors, secured and unsecured creditors, chapter 7 and 11 trustees, landlords, purchasers of assets, and creditors’ and bondholders’ committees. In addition, Mr. Eidelman represents companies, creditors, court-appointed receivers and assignees for the benefit of creditors in out-of-court restructurings and liquidations. Mr. Eidelman also represents officers and directors of financially distressed companies. He has substantial litigation experience in all aspects of creditors’ rights, in both U.S. state and federal jurisdictions and in cross-border transactions in Canada and Mexico. Mr. Eidelman was appointed by the U.S. District Court for the Northern District of Illinois as Receiver in U.S. Commodity Futures Trading Commission v. Peregrine Financial Group, Inc. and Russell R. Wasendorf, Sr. (Case No. 1:12-cv-05383) ($200 million dollar fraud) and the “Information Agent” by the United States Government in United States of America v. All Business Assets of the Viceroy L’Ermitage Beverly Hills et al., pending in the United States District Court for the Central District of California (Case No. CV 16-5369-DSF-PLA) (relating to the alleged multi billion 1MDB fraud).
Mr. Eidelman is a member of the Turnaround Management Association and the Chicago, Illinois and American Bar Associations. He served as a member and Co-Chairman of the Bankruptcy Court Liaison Committee, which was established to address issues concerning bankruptcy judges and lawyers in the Northern District of Illinois. He is also a frequent speaker and author on numerous bankruptcy-related issues Mr. Eidelman was selected for inclusion from 2005 to 2017 in Illinois Super Lawyers. From 2010 to 2019, Mr. Eidelman has been ranked in Chambers USA in the Illinois Bankruptcy/Restructuring category. He received an AV Preeminent Peer Rating in Martindale-Hubbell. Mr. Eidelman was selected by his peers as a Leading Lawyer in Bankruptcy & Workout: Commercial Law. He has also been selected by his peers from 2013 to 2020 for inclusion in The Best Lawyers in America in the field of Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law.